Global X Japan Co. Ltd. Sells 1,598 Shares of Arm Holdings plc (NASDAQ:ARM)

Global X Japan Co. Ltd. lowered its stake in Arm Holdings plc (NASDAQ:ARM) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,387 shares of the company’s stock after selling 1,598 shares during the period. Global X Japan Co. Ltd.’s holdings in ARM were worth $1,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its position in ARM by 13.3% in the 4th quarter. Valley National Advisers Inc. now owns 613 shares of the company’s stock valued at $75,000 after acquiring an additional 72 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of ARM by 14.0% in the 3rd quarter. Hexagon Capital Partners LLC now owns 627 shares of the company’s stock valued at $90,000 after purchasing an additional 77 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of ARM by 1.1% in the third quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the company’s stock valued at $1,359,000 after purchasing an additional 100 shares in the last quarter. Hobbs Group Advisors LLC boosted its position in shares of ARM by 7.4% during the third quarter. Hobbs Group Advisors LLC now owns 1,454 shares of the company’s stock worth $208,000 after buying an additional 100 shares during the period. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of ARM by 5.5% during the third quarter. Great Valley Advisor Group Inc. now owns 1,963 shares of the company’s stock worth $281,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 7.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ARM shares. Citigroup boosted their target price on ARM from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group increased their target price on shares of ARM from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein lowered shares of ARM from a “market perform” rating to an “underperform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of ARM in a research note on Thursday. Finally, Raymond James lifted their target price on ARM from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.17.

ARM Price Performance

Shares of NASDAQ ARM opened at $167.47 on Friday. The stock has a market capitalization of $175.48 billion, a PE ratio of 279.12, a P/E/G ratio of 7.46 and a beta of 4.56. Arm Holdings plc has a fifty-two week low of $72.25 and a fifty-two week high of $188.75. The business has a fifty day moving average price of $143.45 and a two-hundred day moving average price of $139.80.

ARM (NASDAQ:ARM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $810.03 million. ARM had a net margin of 18.13% and a return on equity of 13.69%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, equities analysts expect that Arm Holdings plc will post 0.84 EPS for the current year.

ARM Company Profile

Arm Holdings plc architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers rely on to develop products. It offers microprocessors, systems intellectual property (IPs), graphics processing units, physical IP and associated systems IPs, software, tools, and other related services.